422 Main StOttawa, KS 66067

For Sale
$500,000

Prime Downtown Location, High Income Potential

Overview

Added:
Feb 3
Days on market:
39
This stunning, historic Masonic Temple building in Ottawa, Kansas, presents a unique investment opportunity. Located on a 0.24-acre lot at 422 S Main Street, this impressive property boasts a total of 30,000 square feet, encompassing two finished floors of approximately 10,000 square feet each, and a 10,000 square foot unfinished basement. The main levels feature a variety of office spaces, perfect for a multitude of uses. A significant highlight is the expansive auditorium, complete with a balcony and stage, ideal for events or large gatherings. Further enhancing its versatility is a fully equipped commercial kitchen and adjacent dining hall area. The basement provides ample storage space. The building is equipped with concrete floor joists, ensuring structural integrity. Accessibility is enhanced by a stair lift, providing wheelchair access to the second floor. Currently, multiple spaces are leased, generating a monthly income exceeding $4,000. Note that all current leases expire December 31, 2024. The property benefits from recent upgrades, including a new roof installed in November 2021 and a six-year-old boiler. The second floor showcases beautiful oak hardwood floors, and the building features eight restrooms. This exceptional property offers significant income potential and the chance to own a piece of Ottawa's rich history. The possibilities are endless. Priced at $500,000.

Property Details for 422 Main St

Property type
Other commercial real estate
Year Built
1927
Lot Size (sq. ft)
10,454 SF

Location Insight

City
Ottawa
County
Franklin, KS
State
Kansas
Latitude
38.61206
Longitude
-95.26903
422 Main St, Ottawa, Kansas

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422 Main St
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